PPI 2017

For the whole of 2017, China’s producer price index (PPI) climbed 6.3 percent from one year earlier, compared with a 1.4 percent drop in 2016, ending the declining trend for the past five years, according to NBS data.

In December alone, producer price inflation rose 4.9 percent year-on-year, retreating from November's 5.8 percent, NBS data showed, as the government enhanced efforts to tackle pollution. On a monthly basis, the figure was up 0.8 percent.

For the whole of 2017, the purchasing prices for manufactured goods were up by 8.1 percent, according to NBS data.

In December alone, the purchaser price index for manufactured goods increased 5.9 percent year-on-year, an increase of 0.8 percent month-on-month.

The year-on-year purchaser price indices for building materials and non-metallic materials went up by 11.6 percent, ferrous metal materials increased 10.6 percent, non-ferrous metal materials and wires went up by 10.4 percent, fuel and power increased 7.1 percent.

Notes:

Producer Price Index (PPI) for manufactured goods consists of producer price index and purchaser price index.

The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.

The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.